USD/JPY Fundamental Analysis February 28, 2013 Forecast

 USD/JPY Fundamental Analysis February 28, 2013 Forecast

The USD/JPY is trading at 91.97 as the JPY gained momentum on a weaker US dollar. Two separate incidents caused market reaction yesterday. The Italian election continues to disturb traders and bring the eurozone crisis back to the forefront with Silvio Berlusconi coming close to the power seat. Traders also reacted to the defensive testimony by Mr. Bernanke, who assured US politicians that the asset programs were not causing inflation or an asset bubble. Traders took these comments to mean that the Fed would continue its stimulus program, which weighed heavily on the US dollar.
The Bank of Japan may see more stimlus and new programs under Haruhiko Kuroda, an opponent of deflation who ran the nation’s currency policy and then built an international reputation leading the Asian Development Bank. Finance Minister Taro Aso told reporters Monday that Kuroda, Prime Minister Shinzo Abe’s pick as BOJ governor will work closely with the Prime Minister and the Finance Minister.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data February 27, 2013 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Feb. 27

JPY

Retail Sales (YoY)

-1.1%

-1.3%

0.4%

AUD

Construction Work Done (QoQ)

-0.1%

1.5%

1.9%

EUR/JPY Forecast for February 28, 2013

EUR/JPY Forecast for February 28, 2013

Analysis and Recommendations:

The EUR/JPY is trading at 120.21 recovering 7 pips this morning as traders took advantage of weak prices to buy up the euro. Currency speculators ran back to the yen, which is seen as a safe-haven currency, particularly versus the euro after news about the outcome of the Italian election.
The center-left coalition, vowing to continue Prime Minister Mario Monti’s austerity measures, won a majority of seats in the lower chamber of parliament, but the center-right coalition led by former Prime Minister Silvio Berlusconi, which opposes austerity measures, fared well in the Senate, leaving no bloc in control of the chamber. The election results gave rise to worries that the debt-laden country’s fiscal reconstruction efforts will stall.
Gold rebounded while the US dollar dipped after testimony from Mr. Bernanke seemed to indicate that the Fed would continue to offer stimulus. Traders pushed up gold but also sought the JPY as the favored safe haven.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our  weekly reports and we provide daily updates and outlooks

Philippine troops captured something like a giant bat

Philippine troops captured something that appears like a giant bat

Philippine troops captured something that appears like a giant bat, and even look at him creates a massive horror, especially for those who had the chance to see it fly across the sky........
It is a mythical beast “Chupacabra”, which feeds on the blood of animals, at least that is what myths and legends say. Scientific explanation is very simple: it is a flying fox (Pteropus), a type of megabats.